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Building Details

Building Size 2,500 SF

Listing Agency: SVN Toomey Property Advisors

Listed By: Justin Toomey · License #MS #22847 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Oct 15 Last Checked: Oct 14 at 8:43PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Toomey Property Advisors

Investment Insights

Based on property information with market context.

This Dickey’s Barbecue Pit is a turn-key franchise opportunity located in a high-traffic area of Mobile, AL. The property is situated next to a new Dave & Buster’s development and is surrounded by TopGolf, Costco, Dick’s Sporting Goods, Publix, Sprouts Farmers Market, The Shoppes at Bel Air, and the McGowin Park Shopping Center. The location benefits from over 30,000 vehicles passing daily on Government Boulevard. The fully operational restaurant includes a trained staff, equipped kitchen, and a loyal customer base. The property is positioned in one of Mobile’s rapidly growing commercial districts, near major retailers, entertainment venues, and employers. Mobile serves as the economic hub of the Mobile MSA, which has a population of 411,640, and is driven by the Port of Mobile, Airbus, and a thriving healthcare sector. The property is 2500 square feet and has gross sales over $100,000 per month.

Key Highlights

• High‑traffic location with over 30,000 vehicles passing daily on Government Boulevard
• Located next to Dave & Buster’s, TopGolf, Costco, Dick’s Sporting Goods, Publix, and other major retailers
• Gross sales over $100,000 per month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,091

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,820 $661.8K

Cap Rate 7%

$472,729 $472.7K

Cap Rate 9%

$367,678 $367.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$49.5K $19.80/SF

− Vacancy

−$2.2K −$0.89/SF

EGI

$47.3K $18.91/SF

− OpEx

−$14.2K −$5.67/SF

NOI

$33.1K $13.24/SF

Area

Mobile, AL

Vacancy

4.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,820

Cap Rate 7%

$472,729

Cap Rate 9%

$367,678

Alternative Uses

Best Use

Specialty Retail

$540.0K

$472.5K – $630.0K (±1% cap)

NOI $37,800 @ 7.0% cap · market cap 9.45%

Second Best

Retail

$472.7K

$413.6K – $551.5K (±1% cap)

NOI $33,091 @ 7.0% cap · market cap 8.27%

Theoretical Best

Office A

$635.4K

$556.0K – $741.3K (±1% cap)

NOI $44,479 @ 7.0% cap · market cap 11.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Turn key restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

748

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 36606, AL

19,042

Population

9,129

Households

2.1

Avg Household Size

35

Median Age

29%

College-Educated

89%

High-School Grad

6.8 sq mi

ZIP Area

2,800

Density / Sq Mi

$49,561

Median Household Income

$37,094

Median Earnings

$938

Median Rent

$141,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Restaurant - Established franchise restaurant for sale in high-traffic Mobile location.

Where is this restaurant located?

The property is located at 1390 Tingle Circle East Mobile, AL.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: High‑traffic location with over 30,000 vehicles passing daily on Government Boulevard; Located next to Dave & Buster’s, TopGolf, Costco, Dick’s Sporting Goods, Publix, and other major retailers; Gross sales over $100,000 per month